Hard Assets Revisited
David Einhorn, the founder of Greenlight Capital, is a hedge-fund manager who’s better known for his pans than his picks. He sold Lehman Brothers Holdings Inc.’s stock short before the securities firm went bankrupt in 2008. He prevailed in a six-year fight against Allied Capital Inc., a small business lender, that he wrote about in the book Fooling Some of the People All of the Time. He bet against St. Joe Co., a real estate developer whose biggest shareholder was Bruce Berkowitz’s Fairholme Fund, among the best-performing U.S. mutual funds of the 2000s.
Yet Einhorn’s track record creates interest in what he’s buying, not ...
Get Visual Guide to Financial Markets now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
